employee bonus letter format

I want to thank you all for your unaccountable contribution in the completion of financial project of Steel Works Company. I am very pleased and feeling proud of my head working team who make this happen.

I have attended a meeting with Mr. Steve Miller yesterday evening regarding the result of our ongoing project. Mr. Steve was very glad to see the results. He congratulated us for achieving the targets of the tough assignment. This task was given to all the teams but we have earned profit out of all. Senior management has decided to give bonus and also announced three days off for us. I really appreciate the effort and attention you paid to your job as you worked for day and night with full devotion.

I hope, in future I will see the best results of your work. Enjoy your vacations to the fullest and Keep up the good work.

I want to thank you all for your unaccountable contribution in the completion of financial project of Steel Works Company. I am very pleased and feeling proud of my head working team who make this happen.

I have attended a meeting with Mr. Steve Miller yesterday evening regarding the result of our ongoing project. Mr. Steve was very glad to see the results. He congratulated us for achieving the targets of the tough assignment. This task was given to all the teams but we have earned profit out of all. Senior management has decided to give bonus and also announced three days off for us. I really appreciate the effort and attention you paid to your job as you worked for day and night with full devotion.

I hope, in future I will see the best results of your work. Enjoy your vacations to the fullest and Keep up the good work.

We received you letter dated 15March, 2012 regarding your request for salary hike.

First of all, I would like to say that we do agree that you contributed successfully to this company in the last two years. And, your overall performance has been also satisfactory during this period.

However, this is not the right time to expect a raise in your salary.

At Garfield Advertising, we have a policy to observe an employee for three years continuously since their joining to monitor them in different aspects. We only appraise an employee after successfully completing three years with us.

So, this is not the appropriate time for your appraisal. I hope that you will respect our employee policy and will wait for another six months till you complete your tenure of three years with this company.

Needless to say again that I am aware of your performance which is really good so far, you will be also rewarded with handsome performance incentives and loyalty bonus for completing three years with us.

Full and Final Release to Be Obtained By an Employer from an Employee When the Employee Has Been Terminated

EMPLOYEE FINAL RELEASE -

In Consideration of the payment of $[amount], received by me, which is recognized, I, [employee name], on behalf of myself, my successors, overseers and allocates (hereinafter jointly referred to as the ‘Releaser’, hereby release and discharge [employer name], its parent, auxiliaries, and associates and each of its and their respective executive, directors, staff, servants and representatives, and their descendants and allocates (hereinafter jointly referred to as the ‘Releasee’, together and severally from any and all actions, roots of action, and agreements, whether express or implied, claims and demands for damages, indemnity, expenses, interest, loss of every kind whatsoever occurring, which I may have had, may now have or may hereinafter have and with no limits for the generality of the preceding, all claims in any way that relates to the hiring of, the service by or the employment termination of the Releaser by the Releasee and, I hereby purposely agree, stand for and warrant to the Releasee that I have no additional claim against the Releasee for or occurring out of my employment or termination of employment which particularly includes but does not limit to any claims for notice, pay in lieu of notice, unfair discharge, disconnection pay, bonus, overtime pay, incentive payment, interest, holiday pay or any claims under any employment.

AND FOR THE SAID CONSIDERATION I additionally pledge and agree to save safe and cover the Releasee from and against all claims, allegations, taxes or fine and, demands which may be made by any legislative power that requires the Releasee to pay any recognized federal, regional and local taxing authorities in respect of income tax owed by me in addition of the income tax previously pending.

IT IS UNDERSTOOD AND ACCEPTED that the under the aforesaid consideration is deemed to be no liability admission on the part of the said Releasee, said legal responsibility, in fact, being denied.

IN WITNESS WHEREOF I have hereunto executed this Employee Final Release by affixing my hand and seal on [date], in the presence of the witness who signed below.

At the conclusion of each financial year, [Company name] will evaluate its financial performance for the year, and allocate a separate funds account to distribute staff bonuses. The bonus amount in this account will differ from year to year, & it totally depends on the productivity of the company. And, there may be no bonus distribution if conditions do not necessitate.

Eligibility -

All full-time employees of the [Company name], except lawyers and articling students, who have at least one (1) complete year in continuous employment are entitled for a bonus. An employee not employed by the organization at the time the bonus pool is founded, is not eligible for a bonus.

Award Categories -

There are four different ‘performance bonuses’, in amounts set up by the Company, will be awarded to the four qualified employees who demonstrate, in the organization’s observation, the best overall performance for the year. The remaining part of the bonus pool will be distributed to all other eligible employees equally.

Qualifications -

For the purposes of determining the four employees who exhibit the best overall performance annually, the factors mentioned below will be considered:

It was a pleasing experience to meet you on [date] regarding the position of [position title].

As you know that we were satisfied with your qualifications, & your significant experience related to our open position, but you didn’t accept our employment offer as you wanted – [State the request or demand of the employee here].

We would like to tell you that as we decided not to accommodate your request at that time, however, now we are offering a revised employment offer to you.

– [Describe the revised employment offer] –

– [mention the alternative you are proposing in the new offer]

For instance, – Instead of the base salary you requested for this position, we can offer you increased incentive scale. As you are such a talented professional with proven skills and success record, we are highly confident in your abilities that you will contribute to the success our organization, and as a result, you will also grow with the unlimited potential your position holds.

Details of your revised job offer:

– [State here the terms & conditions of the revised employment offer]

e.g. –

(i) New Joining Bonus of $[amount]

(ii) Base salary of $[salary amount]

(iii) Annual bonus up to [state bonus %]

(iv) [Number of days] of paid holidays annually

(v) [Number of days] sick leaves annually

We hope you will like the new additions in this employment offer. Please note that this job offer is reserved for you for the next [no. of days]. We request you to please contact us before [deadline] to confirm your joining.

As you all our aware of the fact that Global recession has hit not only us buy majority of the market. I, Mr. Brown, head of marketing department of Innovation Communications Ltd. Would like to communicate this information to all our staff members that the bonus which was announced has to be postponed for time being. The Global Recession has been a main concern for our firm from sometime now, which forced us to take a decision like this.

Majority of the companies are reducing their manforce power, in this situation, instead of layoffs and job-cuts, management has decided just to postpone the bonus. Though, I would like to mention it that the company has not cancelled the bonus, it is just postponed till the time conditions are feasible again. We are looking for an accommodating and encouraging response from your end. And expect that everyone would support each other in these difficult times.

Yours sincerely,

Mr. Brown

From,

Mr Collins,

Head of Marketing Department,

KBS Communications Ltd

To,

Marketing department Staff,

KBS Communications Ltd

Dear people,

I, Mr Collins, head of the marketing department of KBS Communications Ltd, am writing this letter to convey my apologies to all my staff people for announcing that the bonus which has been promised has to be indefinitely postponed. The undesirable and unfortunate cropping up of the Global Recession phenomenon has been the major concern in the recent times for the firm and it is for this reason that the bonus has to be postponed.

When all other so called giants in the market are involved in slashing the number of employees from their firms, the authorities of our firm has decided just to postpone the bonus. I wish to take this opportunity to assure on behalf of the authorities of our firm that the bonus shall be provided as soon as the conditions go feasible. We are looking forward to favourable and supportive response from you all in these difficult times,